210 PATTERSON AVENUE

Property Details

Description

Huge Opportunity – Three Homes – Motivated Seller! Outstanding opportunity to acquire three homes in one transaction in a rapidly developing Osprey area. The properties are located close to the proposed Margaritaville Resort, which is expected to become a major destination in the area and has been proposed to include ferry service providing access to Siesta Key. This location is already generating significant attention, with increasing interest in the surrounding area. All three homes are substantially completed, giving a buyer the opportunity to take over the project without starting from the ground up. The homes will require additional construction and finishing work, and a contractor will be needed to complete the remaining items necessary to obtain the required Certificates of Occupancy. For the right buyer, this creates an opportunity to complete all three properties and determine the best strategy moving forward. Finish and sell the homes individually, hold them as investment properties, use them as long-term rentals, or ptentially sell them off separately for what could be a large profit. Much of the heavy lifting has already been done, allowing an experienced investor, builder, or contractor to focus on completing the project and unlocking the potential value of the properties.

Facts & Costs

Property type

Single Family Residence

Year built

1950

Lot size

0.41 acres

Half baths

1

Price per sq ft

$456

Days on market

27

Private pool

No

Waterfront

No

Community

Ogburns T B Add To Town Of Osprey

Subdivision

OGBURNS T B ADD

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$1,115 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Ductless

Cooling

Wall/Window Unit(s)

Flooring

Ceramic Tile, Laminate

Roof

Shingle

Construction

Block, Stucco

Payment Estimate

$4,897 / month

Principal & interest

$4,804

Property taxes

$93

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Range
• Refrigerator
• Other
• Storage